« The State must guarantee the security of citizens, but can not spend their money on military spending. The army would only increase costs without increasing security ».

His Serene Highness Prince Hans-Adam II of Liechtenstein presented the State model he envisions at the 10th International Gottfried von Haberler Conference organized by the European Center of Austrian Economics Foundation (ECAEF) on 27th of June in Vaduz, Liechtenstein. Regarding the army, Prince Hans-Adam II draws attention to the fact that increasing costs due to military expenditures do not translate in enhancing the security of the citizens. As a reminder, Liechtenstein gave up having an army in 1868 because it was too expensive.